Victoria’s renewable energy policy The energy sector is rapidly transforming. Solutions to transition our system are available now, helping to achieve a modern, renewable energy system to support our economy and way of life. Name David Oglesby Renewable Energy Division Manager, Strategic Development and Insights

Renewable Energy in Victoria Current installed capacity 11, 920 MW Renewable energy investment pipeline 4, 916 MW Estimated new renewable capacity by 2019/20 1,520 MW Approved windfarms Up to 2,726 MW Installed capacity post Hazelwood includes coal, gas, hydroelectricity, wind, solar and biomass Renewable energy Investment pipeline includes hydro, wind and solar about 40% of total capacity in Vic Expected new renewable capacity by 2019/20 includes solar trams, VRET, Ararat wind, Kiata wind and Gannawarra solar Approved windfarms not operational

Our approach to energy policy Empowering and engaging households, communities and businesses Renewable energy policy Victoria’s renewable energy policy is underpinned by 3 objectives Create new jobs and investment in Victoria Empower households, communities and businesses Ensure we have a smart, safe and reliable system Comprehensive approach to deploying renewable energy. Creating new jobs, investment and energy sector growth Strengthening our smart, safe and reliable energy system

Creating new jobs, investment and energy sector growth Key actions: Delivering ambitious and achievable renewable energy targets 25% by 2020, 40% by 2025 Purchase renewable energy certificates ($48m) New Energy Jobs Fund ($20m) Implementing the New Energy Technology Sector Strategy Creating new jobs, investment and energy sector growth Victorian renewable energy target Meeting our 2020 renewable energy generation target of 25% rising to 40% by 2025, through competitive reverse auctions for renewable energy generation projects Purchasing renewable energy Accelerating up to 75MW of large-scale solar 35MW used to power all of Melbourne’s 410 trams New Energy Jobs Fund Second Round is now closed Funding for new energy technology projects Attracting new energy technology businesses to establish operations in Victoria Implementing the new energy technologies sector strategy – released in March 2016

Empowering and engaging households, communities and businesses Key actions: Establish three Community Power Hubs in regional Victoria to support local energy projects Introduced an improved feed-in tariff scheme to ensure a fair approach for all consumers Update Victorian Energy Compare to include renewable solutions Empowering and engaging households, communities and businesses Community Power hubs To support development of renewable energy projects by providing legal and technical expertise, as well as start-up funding (‘Landcare’ for renewable energy) Trial three sites – Ballarat, Bendigo and the Latrobe Valley Customers will receive a minimum feed in tariff of 11.3 cents/ kWh for the electricity they export to the grid – an increase on the current minimum rate of 5 cents/ kWh Upgrades continue to Victorian Energy Compare to ensure new services, such as solar and batteries are integrated

Strengthening our smart, safe and reliable energy system Key actions: Deploying energy storage to integrate renewable energy generation ($25m) Investment in microgrid, smart grid and renewable energy storage demonstration projects ($15.8m) Establish the Centre for New Energy Technologies ($5.36m) Strengthening our smart, safe and reliable energy system As part of making energy storage mainstream, we are currently receiving proposals to install two 20MW batteries in the northern Victoria Last week the Minister announced to deliver: up to 10 microgrid, smartgrid and renewable energy storage demonstration projects across Vic – to deliver integrated and smart energy solutions and reduce reliance on the electricity network the Centre for New Energy Technologies or C4NET purpose of this centre is to bring together government, industry and universities to collaborate on energy solution.